Vanguard Group Inc. trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,651,170 shares of the semiconductor company’s stock after selling 4,350,405 shares during the quarter. Vanguard Group Inc. owned approximately 9.46% of Texas Instruments worth $11,002,099,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. KLCM Advisors Inc. grew its position in shares of Texas Instruments by 1.9% in the 2nd quarter. KLCM Advisors Inc. now owns 4,224 shares of the semiconductor company’s stock worth $536,000 after acquiring an additional 80 shares in the last quarter. Glassman Wealth Services boosted its holdings in Texas Instruments by 11.9% in the second quarter. Glassman Wealth Services now owns 760 shares of the semiconductor company’s stock worth $96,000 after purchasing an additional 81 shares during the period. HBK Sorce Advisory LLC increased its stake in Texas Instruments by 2.2% during the second quarter. HBK Sorce Advisory LLC now owns 4,218 shares of the semiconductor company’s stock valued at $536,000 after purchasing an additional 89 shares during the last quarter. BancorpSouth Bank raised its holdings in shares of Texas Instruments by 1.6% during the second quarter. BancorpSouth Bank now owns 5,859 shares of the semiconductor company’s stock worth $744,000 after purchasing an additional 92 shares during the period. Finally, Capital Asset Advisory Services LLC raised its holdings in shares of Texas Instruments by 3.2% during the first quarter. Capital Asset Advisory Services LLC now owns 2,968 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 82.91% of the company’s stock.
Shares of TXN traded down $1.20 during mid-day trading on Friday, reaching $140.47. The company’s stock had a trading volume of 5,250,985 shares, compared to its average volume of 3,531,658. The company has a market cap of $128.66 billion, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 2.98 and a beta of 1.14. The business has a fifty day moving average of $135.97 and a 200 day moving average of $121.19. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82. Texas Instruments Incorporated has a 1 year low of $93.09 and a 1 year high of $148.37.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. On average, analysts predict that Texas Instruments Incorporated will post 5.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date was Thursday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is 68.70%.
In other news, Director Carrie Smith Cox sold 26,905 shares of Texas Instruments stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $130.00, for a total transaction of $3,497,650.00. Following the completion of the sale, the director now directly owns 46,221 shares in the company, valued at approximately $6,008,730. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pamela H. Patsley sold 12,156 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $132.18, for a total value of $1,606,780.08. Following the completion of the transaction, the director now owns 43,082 shares in the company, valued at approximately $5,694,578.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 236,495 shares of company stock valued at $31,419,345. 0.73% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently weighed in on the stock. Charter Equity raised shares of Texas Instruments from a “market perform” rating to a “market outperform” rating in a research report on Wednesday, July 22nd. DZ Bank upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a research report on Thursday, July 23rd. Barclays boosted their price objective on Texas Instruments from $105.00 to $120.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Stifel Nicolaus increased their target price on Texas Instruments from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Deutsche Bank raised their target price on Texas Instruments from $115.00 to $125.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $134.00.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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